SPX500 - THE BIG SHORT To understand the logic behind my numerology actions, you can watch my video ideas. I believe that the spx500 will turn strongly downward in the near future, the reference point for me to start a set of shorts will be January 3, 2024. I will be gaining position by positioning. Targets to decline very strongly downward under possible geopolitical events in the future. In general, I expect a decline until March 2024, perhaps it will be in the spring. But I don't want to look that far, it will be the end of winter then I will make a new idea. See related ideas.
Spx500short
Will the S&P500 Index Touch a New All-Time High(ATH)❗️❓📈Because the S&P500 Index is near an All-Time High(ATH), I decided to analyze this index for you and answer the question of whether the S&P500 Index can create a new All-Time High(ATH) or not.
🏃♂️The S&P500 Index has already managed to break the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and is moving near the 🟡 Price Reversal Zone(PRZ) 🟡 and Resistance lines .
🔔I expect two scenarios for the S&P500 Index:
The scenario of S&P500 Index falling to the broken 🔴 Resistance zone( $4,640-$4,540 ) 🔴 (as a pullback ) and rising again.
In the second scenario, the S&P500 Index falls to the 🔴 Resistance zone( $4,640-$4,540 ) 🔴 and continues falling to the Fibonacci levels that I marked for you in the chart. We saw a bull trap in this scenario.
🔔So, in general, I expect that the S&P500 Index will NOT be able to break 🟡 Price Reversal Zone(PRZ) 🟡and will decrease by at least ➖3% in the coming weeks.
S&P500 Index (SPXUSD),4-hour time frame ⏰.
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S&P Short; Wave 5 target reached, RSI(7) pattern recognisedIn Summary:
1. We see 5 waves up and wave1=wave5, and it doesn't matter if it is a 1-2-3-4-5 or a W-X-Y-X-Z. The next move should be down.
2. RSI(7) crosses 88 and based on 3 other historical instances of similar preceding pattern, the next move should be down.
3. The risk-reward is better on the short side than the long side.
SPX500 Swing Short Idea!Price has been consolidating at a major Resistance level where price has dropped dramatically in the past. Short positions between 4600-4630 zone. Targets @ 4395 & 4330
Confluences: Consolidation under Resistance, Hanging Man candle on the weekly timeframe hinting at signs that buyers are losing steam, evidence of Divergence, 50MA and 200MA are at the .50 and .382 of Fib. for take profit targets.
Trade safe and good luck!
!!! ↘︎ Multi-day Streak(period): No Santa this Christmas ↘︎ !!!✺ End of Bulls rally after the most successful trading day since April.
✺ The possibility of the Goldilocks scenario - is it on the horizon?
✓ PPI data has been reported today.
Key fact: "Firms no longer optimistic"
BLACKBULL:SPX500
After the longest period of growth in 2024, the market closed at -0.41 rate, putting the end to the robust bulls rally since the last week. The PPI report came out during the pre-market hours. The result, from the surface was seemingly positive from market perspective. Although, always the detail is the devil.
The overall result came out in favor of regular consumer, seeing drastic decrease in manufacturing cost in total: (Processed goods for intermediate demand) Prices for processed goods for intermediate demand moved down 0.9 percent in October, the largest decrease since falling 1.6 percent in May. Leading the October decline, the index for processed energy goods dropped 4.3 percent. Prices for processed foods and feeds decreased 0.4 percent. In contrast, the index for processed materials less foods and energy advanced 0.1 percent. For the 12 months ended in October, prices for processed goods for intermediate demand fell 4.5 percent.
The largest contribute to the odds was the transportation and warehousing which increased for about 1.5 percent. The warehousing and transportation contains various subjects from regular staffing needs to delivery of goods, signifying that the era of pandemic is yet remain in the market.
The Empire state manufacturing Survey begins with the headline, "Firms No Longer Optimistic," as the future business conditions index plunging from twenty-four points to -0.9, the lowest since 2022. Troublesome in logistics with increased unfulfilled shipment, lacking number of employees, decreased employee work hours, signifying operational challenges residing within the industry. Facing these resilient challenges, business have forecasted in contrast to market's optimistic expectations: General business conditions from twenty-three to -0.9 followed by decreased number of new orders, increased unfilled orders and shipments, lacking performance over all.
Back to the graph, here are some key price-lines for the rest of this week on BLACKBULL:SPX500 (red lines):
1. Bull $4506-4521 (Largest volume allocated for the last 5 days)
2. Bear $4393.66-4360 (Largest volume allocated since Oct 28th)
With few significant leaps in the previous week and this Monday, the market might have fooled us by acting as if these were the clues as to guarantee the potential end of the year rally.
With big CPI report and lots of unexpected positive earnings from larger tech firms and overall, we were able to get through the $4393 resistance level without a hurdle, and it seems that we just ran out of those events to create the unexpectencies to get us through the new high. Plus, the Inverse U-shape pattern is one of my favorite along with Inverse W-pattern (or Double top), and as large the previous leap was, this down trend will also be way much more accelerated with higher velocity than which we anticipated.
We all know that demand is the driving factor of the market, but without the proper level of supply to meet the market needs, will only cause higher inflation, simply will lead to another rate hike from the fed. I think today's inverse trend was only the smallest part portraying the fear residing beneath the surface.
SPx500 sticks to positivityHello everyone,The index price announced its adherence to the upward path by recently submitting multiple closings near the 4525.00 level, thus attempting to counter the attempt of the Stochastic indicator to exit the overbought level, as is evident in the attached drawing.
We point out that the price is surrounded by several factors that support positive continuity, including the formation of the 4437 level for basic support, in addition to the attempt to form the 4475 level for additional support. Therefore, we will remain waiting for the price to succeed in gaining additional positive momentum to enable it to reach the next main target stable near 4555 , and then let us wait for the next close. So that we can determine the expected direction of upcoming trading.
Pivot Price: 4525
Resistance prices: 4555 & 4579 & 4605
Support prices: 4492 & 4475 & 4437
The general trend expected for today: bullish
SPx500 awaits positive momentumHello everyone, Yesterday, the index price presented more sideways fluctuation by settling near 4525.00 without recording any new positive target, affected by the attempt of the Stochastic indicator to exit the overbought level.
The price may be forced to form some bearish corrective waves, but repeated stability above the support levels represented by 4492 and 4475 supports the bullish scenario until reaching additional resistance extending towards 4555, which in turn constitutes the primary target for the current period.
Pivot Price: 4525
Resistance prices: 4555 & 4579 & 4605
Support prices: 4492 & 4475 & 4437
The general trend expected for today is bullish
SPx500 sticks to positivityIn yesterday's trading, the index price touched the level of 4540.00 and then rebounded directly towards 4510.00, trying to catch its breath before resuming the main upward attack. The 4470.00 level continues to form additional support and the Stochastic indicator continues to fluctuate within the buying trend level. These factors support our bullish bias to remain waiting for the price to target the main target. Next stable near 4570.00.
Pivot Price: 4495
Resistance prices: 4529 & 4558 & 4586
Support prices: 4461 & 4444 & 4405
The general trend expected for today: bullish
S&P might drop
The current market conditions have prompted a cautious outlook on the S&P index, with indications that there might be a potential downward movement. The levels to watch for a potential short trade have been identified, with a suggested entry point at 4438.9 and corresponding stop-loss and take-profit levels set at 4548.0 and 4438.9, respectively.
However, it's essential to emphasize the speculative nature of this trading idea and the inherent risks involved in executing such strategies. The suggested levels are based on technical analysis and market observations at a specific point in time, but market conditions can change rapidly and unexpectedly. Therefore, any trading decision should be made with a thorough understanding of one's risk tolerance and careful consideration of the potential loss that could be incurred.
The stop-loss at 4548.0 is set to limit potential losses in case the trade moves against the anticipated direction. Meanwhile, the take-profit level at 4438.9 aims to capture a portion of the expected downward movement in the S&P index.
Traders and investors should conduct their own research, considering various factors such as market sentiment, fundamental analysis, and geopolitical events that could influence the direction of the market. Additionally, it's crucial to maintain a disciplined approach to risk management by using appropriate position sizing and not exposing a significant portion of one's portfolio to any single trade.
Furthermore, it's recommended to stay updated with real-time market information and adjust the trade strategy accordingly as new data becomes available. Markets are dynamic and subject to changes influenced by numerous unpredictable factors.
In conclusion, the suggested trade idea of shorting the S&P index with specific entry, stop-loss, and take-profit levels is merely a speculative notion. Traders and investors must exercise caution, conduct their due diligence, and be prepared to adapt their strategies based on evolving market conditions to navigate the inherent uncertainties of financial markets.
Spx500 rising stronglyHello everyone, In yesterday's trading, the index price took advantage of repeated positive pressures to jump above the stable barrier at 4422, thus recording significant gains by rushing towards 4515 , thus achieving the previously suggested goals.
The price is currently still under the positive influence of the Stochastic indicator positioning within the overbought level, which invites us to wait for it to record additional gains that may extend towards 4529 , which in turn constitutes an extension of historical resistance to monitor the price’s behavior with the aim of confirming the expected direction for the upcoming trading.
Pivot Price: 4495
Resistance prices: 4529 & 4558 & 4586
Support prices: 4461 & 4444 & 4405
The general trend expected for today: bullish
SPx500 4H pressing the barrierhello everyone,The index price repeatedly presented positive pressure on the stable barrier at 4422, with the aim of finding an outlet to resume the previously suggested upward attack. Currently, and with the main indicators of positive momentum presented, we advise waiting for the price to achieve the required breakthrough, to open the door to reaching additional stations, which may start from 4443 and 4464, respectively.
While the failure of the breakthrough may force the price to form a temporary corrective bounce, attracting towards 4386, reaching additional support centered at 4353 before recording any new positive target.
Pivot Price: 4422
Resistance prices: 4443 & 4464 & 4500
Support prices: 4386 & 4353 & 4328
The general trend expected for today: bullish with the breakthrough
SPx 4H : Support to decline SPx
New forecast
The index price fell in yesterday's trading and failed to resume the upward attack, forcing it to form a bearish corrective bounce, thus testing the initial support stable at 4353.
Therefore the downtrend scenario will be more likely during coming period and targeting 4321 and extend 4300, taking into account that stabilized above 4370 will return the price to the uptrend and support the price to rise up .
The expect range trading for today it will be between the resistance line 4370 and support line 4300 .
Additionally Today ,New York sessions will affect on the Indices .
support line : 4321, 4300
resistance line : 4353 , 4370
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SPX to see a higher correction to the downside?SPX500USD - Intraday
Broken out of the wedge formation to the upside.
The formation has a measured move target of 4540.
Bearish Outside Day posted, a pattern that often indicates the end of a bullish run and the start of a new downward bias.
Bespoke support is located at 4310.
Reverse trend line support comes in at 4295.
There is scope for mild buying at the open but gains should be limited. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 4360 (stop at 4380)
Our profit targets will be 4310 and 4295
Resistance: 4360 / 4380 / 4397
Support: 4337 / 4310 / 4295
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SPx500 testing initial supportThe index price failed in yesterday’s trading to resume the upward attack, affected by the exit of the Stochastic indicator from the overbought level, forcing it to form a bearish corrective bounce,
We currently and continually expect the price to be exposed to negative pressures, forming an additional corrective decline to incur additional losses by being attracted towards 4328 and then trying to test the main support extending towards 4298 . As for its renewal of the upward push, this requires presenting a positive close above the 4383 level, to facilitate the task of achieving new gains that may extend towards 4402 and 4423 respectively.
Pivot Price: 4383
Resistance Price: 4402 & 4423 & 4464
support price: 4328 & 4298 & 4268
The expected general trend for today: corrective bearish
timeframe: 4H
SPx500 moving slowlyIn yesterday's trading, the index price touched the level of 4402 and then repeated the sideways fluctuation near 4362, affected by the attempt to exit the Stochastic indicator from the overbought level, while the general stability is above the support level extending towards 4383 and the attempt to form the moving average 55 for additional support by settling at 4423, this calls us to adhere to the bullish bias. Which may soon target 4423 and 4464, respectively.
Pivot Price: 4383
Resistance Price: 4402 & 4423 & 4464
support price: 4353 & 4328 & 4298
The general trend expected for today is bullish
timeframe: 4H
SPx500 remains positiveThe index price offered some recent positive trading yesterday , trying to confirm continued positive with repeated stability above support
The above calls us to wait for the price to gather additional positive momentum to facilitate the task of surpassing the 4383 level and reaching the next key target positioned at 4402.
Pivot Price: 4383
Resistance Price: 4402 & 4423 & 4464
support price: 4353 & 4328 & 4298
The general trend expected for today: bullish
timeframe: 4H
SPx 4H :Trying to retest SPx
New forecast
Despite the weak trading of the index price yesterday and its repeated stability near 4353, this will not affect the main upward path, so we will maintain our bullish bias, but before that the price will try to form a downward correction, and after that it will rise.
Therefore the price will try to formed the negative correction and to confirm that should stable under 4353 and then the price will try to reach 4341 and breaching that will extend to 4321 , taking into account that stabilized above 4370 level will force the price to return the main bullish trend and targeting 4395.
The expect range trading for today it will be between the resistance line 4395 and support line 4341.
Additionally Today ,New York sessions will affect on the Indices .
support line : 4353, 4341
resistance line : 4370 , 4395
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
S&P / ES Setting up for shorts tomorrow and next week.S&P / ES are in an abnormal distribution right now; up 5% in a week even including priced in prior to Fed Interest rate, looks like a convenient short hunting continuation path at this point. Idea is, it should present a short set up pretty soon after the NFP and into next week, levels are stated in the chart, good luck.
SPX500 ShortThe SPX is showing 4 variables that suggest the price will drop.
In our trading strategy, when an asset that is showing 4 variables in the same direction, we take the trade. As always the SL is one that as of right now makes sense, we will update if something changes.
The 4 edges (Variables) that suggest downside:
1. Confirmation of old channel as resistance.
2. Confirmation of 2021 high as resistance after price failed to return above it.
3. Bearish divergence on the MacD.
4. A bearish dark cloud cover/ piercing line candlestick formation (Confirmed with a negative close today).
Not to mention the asset retraced 61.8% to its recent high from low putting it in the golden zone.
We can never say an asset WILL go in a specific direction. We just look for scenarios where, based on researched methods, an asset has a higher probability of going in a direction. When multiple edges line up, we take the trade. This is one of those cases.